Yousif Capital Management LLC Sells 961 Shares of Power Integrations, Inc. (NASDAQ:POWI)

Yousif Capital Management LLC trimmed its holdings in shares of Power Integrations, Inc. (NASDAQ:POWI) by 4.6% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 19,938 shares of the semiconductor company’s stock after selling 961 shares during the period. Yousif Capital Management LLC’s holdings in Power Integrations were worth $1,230,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in POWI. Versant Capital Management Inc raised its position in shares of Power Integrations by 1,618.2% in the 4th quarter. Versant Capital Management Inc now owns 567 shares of the semiconductor company’s stock worth $35,000 after purchasing an additional 534 shares during the last quarter. UMB Bank n.a. increased its position in shares of Power Integrations by 43.9% during the fourth quarter. UMB Bank n.a. now owns 629 shares of the semiconductor company’s stock valued at $39,000 after acquiring an additional 192 shares in the last quarter. Truvestments Capital LLC bought a new position in shares of Power Integrations during the third quarter valued at $87,000. KBC Group NV boosted its holdings in shares of Power Integrations by 32.0% during the 3rd quarter. KBC Group NV now owns 1,782 shares of the semiconductor company’s stock valued at $114,000 after acquiring an additional 432 shares during the last quarter. Finally, First Horizon Advisors Inc. grew its position in Power Integrations by 10.3% in the 3rd quarter. First Horizon Advisors Inc. now owns 2,196 shares of the semiconductor company’s stock worth $141,000 after purchasing an additional 205 shares during the period.

Insider Activity

In other news, VP Clifford Walker sold 10,000 shares of the company’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $64.36, for a total value of $643,600.00. Following the transaction, the vice president now directly owns 130,934 shares in the company, valued at approximately $8,426,912.24. This represents a 7.10 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Sandeep Nayyar sold 1,877 shares of Power Integrations stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $58.01, for a total transaction of $108,884.77. Following the sale, the chief financial officer now owns 112,653 shares of the company’s stock, valued at $6,535,000.53. The trade was a 1.64 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 39,151 shares of company stock valued at $2,389,936. 1.70% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. StockNews.com upgraded shares of Power Integrations from a “hold” rating to a “buy” rating in a research note on Tuesday. Benchmark reiterated a “buy” rating and set a $78.00 price objective on shares of Power Integrations in a research note on Friday, February 7th. Finally, Susquehanna decreased their target price on shares of Power Integrations from $80.00 to $77.00 and set a “positive” rating on the stock in a research note on Thursday, November 7th. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Power Integrations currently has a consensus rating of “Moderate Buy” and an average target price of $78.00.

Power Integrations Stock Performance

Shares of NASDAQ POWI opened at $59.77 on Friday. The firm’s fifty day moving average is $62.04 and its two-hundred day moving average is $62.93. Power Integrations, Inc. has a 52-week low of $56.63 and a 52-week high of $79.13. The company has a market cap of $3.40 billion, a P/E ratio of 104.86, a P/E/G ratio of 3.96 and a beta of 1.11.

Power Integrations (NASDAQ:POWI) last issued its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.12). Power Integrations had a return on equity of 4.49% and a net margin of 7.69%. As a group, analysts forecast that Power Integrations, Inc. will post 0.9 EPS for the current fiscal year.

Power Integrations Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, February 28th will be issued a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.84 annualized dividend and a yield of 1.41%. Power Integrations’s payout ratio is presently 147.37%.

About Power Integrations

Power Integrations, Inc designs, develops, manufactures, and markets analog and mixed-signal integrated circuits (ICs), and other electronic components and circuitry used in high-voltage power conversion worldwide. The company provides a range of alternating current to direct current power conversion products that address power supply ranging from less than one watt of output to approximately 500 watts of output for mobile-device chargers, consumer appliances, utility meters, LCD monitors, main and standby power supplies for desktop computers and TVs, LED lighting, and various other consumer and industrial applications, as well as power conversion in high-power applications comprising industrial motors, solar and wind-power systems, electric vehicles, and high-voltage DC transmission systems.